Diamond Bay Garden

The homes are also relatively generous for a new urban condominium. The current official room-tour material shows studios at about 62 sqm gross with 46–47 sqm net, a compact two-bedroom plan around 75 sqm gross and 57 sqm net, larger two-bedroom variants around 106–120 sqm gross with 80–91 sqm net, and a three-bedroom home around 170 sqm gross with about 129 sqm net. This is not a micro-unit project designed around the lowest possible ticket size. Even the studio is closer to a practical long-stay apartment than a compact investor pod, which can be attractive for actual occupation but pushes up the absolute acquisition cost and any area-based recurring charges.

The building programme is layered. Two basement levels are allocated to parking; the ground level and mezzanine are intended for commercial uses; the second floor holds leisure and family facilities; residential floors continue above; and the upper levels include a sky garden, sky bar and a bridge linking the towers. A separate hospitality element sits within the project: the top ten floors are intended to be operated by Ascott under the Somerset brand. CapitaLand’s Ascott material describes a 169-unit serviced residence with studios, two-bedroom and three-bedroom apartments. That international operator is meaningful, but buyers should not assume that every privately owned condominium automatically receives Somerset management or the same rental terms.

The development sits within a large local corporate group rather than a standalone first-time sponsor. Diamond Bay Garden Co., Ltd is presented as an OCIC affiliate, and the current project site identifies Overseas Cambodian Investment Corporation as the developer. OCIC says it was founded in 2000 and has been involved in major Phnom Penh developments including Koh Pich and Olympia City, as well as infrastructure through its joint venture connected to Techo International Airport. A large parent does not remove contractual or construction risk, but it gives buyers a track record they can examine instead of relying solely on the project brochure.

As of early October 2026, the safest description is still under construction. The project’s current official timeline targets Tower A completion in 2026, while two major property portals were showing roughly 80–81% construction progress around late September and early October. Older marketing and agency pages contain handover dates ranging from late 2025 to Q2 or Q3 2026. Because some of those dates have already passed, the relevant date is now the contractual handover for the exact tower and unit, supported by a current site inspection or construction update.

Foreign ownership is possible in Cambodia, but the legal rule needs to be applied to the individual unit rather than quoted as a blanket promise. Cambodian law allows a qualified foreign buyer to own a private unit in a co-owned building above the ground level, while the implementing rules cap foreign ownership at 70% of the total floor area of all private units in the building. The underlying land is not directly owned by the foreign unit owner. Several active sales sources market Diamond Bay Garden as freehold or strata-title stock, but the buyer still needs evidence that the selected unit can receive the relevant title and that foreign quota remains available.

Diamond Bay Garden therefore makes the most sense for buyers who want a substantial apartment in central Phnom Penh, value open river views and are comfortable with a large mixed-use environment that includes serviced residences and commercial space. It is a weaker fit for someone who wants a fully settled building with no remaining construction or phasing questions, or for a buyer chasing the smallest possible entry price. The decision should be made at unit level: floor plan, net versus gross area, orientation, title route, foreign quota, completion obligation and payment schedule all materially change the proposition.